Posted on 07/30/2011 9:35:14 AM PDT by Clairity
That thoughtful observer of the passing parade, Nancy Pelosi, weighed in on the "debt ceiling" negotiations the other day: "What we're trying to do is save the world from the Republican budget. We're trying to save life on this planet as we know it today."
It's always good to have things explained in terms we simpletons can understand. After a while, all the stuff about debt-to-GDP ratio and CBO alternative baseline scenarios starts to give you a bit of a headache, so we should be grateful to the House Minority Leader for putting it in layman's terms: What's at stake is "life on this planet as we know it today." So, if right now you're living anywhere in the general vicinity of this planet, it's good to know Nancy's in there pitching for you.
What about life on this planet tomorrow? How's that look if Nancy gets her way? The Democrat model of governance is to spend four trillion dollars while only collecting two trillion, borrowing the rest from tomorrow. Instead of "printing money," we're printing credit cards and preapproving our unborn grandchildren.
(Excerpt) Read more at ocregister.com ...
I didn’t realize that CCB also included a debt ceiling raise. Must have missed that. That’s not something I’d support.
Broun Votes Against Cut, Cap, and Balance Bill; Urges More Immediate Action
Washington, Jul 19 -
Congressman Paul Broun, M.D. (GA-10) today released the following statement after voting against the Republican Cut, Cap, and Balance bill:
I gave my word to my constituents in Georgia and to the rest of the American people that I would not vote for any bill that increases the debt limit. Although the Cut, Cap, and Balance bill is a step in the right direction, it still raises the debt ceiling by $2.4 trillion, and we simply cannot afford it.
Also missing from the Cut, Cap, and Balance bill is the urgency to pay down the debt by immediately reducing the outrageous spending levels to which Washington has become so accustomed. Unfortunately, the cuts outlined in Cut, Cap, and Balance take effect over a period of ten years. We no longer have ten years to spare its too little, too late.
Undoubtedly, we have to cap spending and we must enact a balanced budget amendment, but Congress can get these tasks done without raising the debt ceiling. I have introduced bills to both lower the debt ceiling and to balance the budget.
Weve been down this road before. Administrations of the past have agreed to raise the debt ceiling on a contingency that cuts would be made in future budgets but those cuts never materialized. Its long past time to stop obligating our constitutional duties along with our budgetary problems to both future Congresses and future generations.
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